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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 27.91 billion by 2029 | 6% | North America |
| By End-User Industry | By Matrix Material |
|---|---|
|
|
SCOPE OF THE REPORT
Carbon Fiber Composites Market Overview
The global carbon fiber composites market is expected to grow at a 6% CAGR from 2023 to 2029. It is expected to reach above USD 27.91 billion by 2029 from USD 17.66 billion in 2022.
Combining carbon fibers with a polymer matrix to form carbon fiber composites results in a lightweight, robust material. Carbon atoms are bound together in a long, thin crystal structure to form carbon fibers. The fibers can be several centimeters long and normally have a diameter of 5 to 10 micrometers.
The polymer matrix serves as a smooth surface and holds the carbon fibers together. Due to their high strength-to-weight ratio, carbon fiber composites are perfect for usage in industries where weight reduction is crucial, including aerospace and defense, automotive, wind energy, and sports and leisure. Additionally, they exhibit high chemical and corrosion resistance as well as thermal and electrical conductivity. By modifying the qualities of the fibers, the polymer matrix, and the manufacturing process, carbon fiber composites can have specific properties.
The demand for lightweight and high-strength materials in a variety of end-use industries, including aerospace and defense, automotive, wind energy, and sports and leisure, is fueling the rapid growth of the carbon fiber composites market. Carbon fiber composites have great strength-to-weight ratios and exceptional durability because they are constructed of carbon fibers and a polymer matrix.
| ATTRIBUTE | DETAILS |
| Study period | 2023-2029 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2029 |
| Historical period | 2018-2022 |
| Unit | Value (USD Billion), (Kilotons) |
| Segmentation | By end-user industry, by matrix material and by region. |
| By End-user industry
 |
|
| By Matrix Material
 |
|
| By Region
 |
|
The market is anticipated to keep expanding in the upcoming years due to factors including the rising demand for electric vehicles, the increased usage of carbon fiber composites in wind energy, and the growing use of carbon fiber composites in the aerospace and military industries.
The demand for carbon fiber composites is predicted to rise in a number of end-use industries, including aerospace and defense, automotive, wind energy, and sports and leisure, over the next few years. Since these materials are widely used in the construction of airplanes and spacecraft to reduce weight and increase fuel economy, the aerospace and military industry is anticipated to be a significant growth driver for the global market for carbon fiber composites. Carbon fiber composites are anticipated to benefit from the increased demand for electric vehicles because doing so will increase the economy and range of these vehicles.
Since carbon fiber composites are utilized to make wind turbine blades, towers, and other components, the wind energy sector is also anticipated to fuel market expansion. It is also anticipated that the use of carbon fiber composites in sporting goods and recreational equipment, such as tennis rackets, fishing rods, and golf clubs, will support market expansion.
The market will be boosted by improvements in manufacturing processes like recycling and 3D printing. Governments and business stakeholders are funding the development of recycling and 3D printing technologies, which will lower the price of carbon fiber composites and increase their accessibility.
Carbon Fiber Composites Market Segment Analysis
Global Carbon Fiber Composites Market by End-Use is divided into Aerospace, Automotive, Wind Turbines, Sport & Leisure, Civil Engineering, Marine
Due to the widespread use of these materials in aircraft components such as airframe structures, floor panels, and landing gears, the aerospace & defense segment has the largest market share and is predicted to generate the highest level of revenue in the market. The corrosion and fatigue-resistant properties of aircraft parts can be improved by the use of carbon fibers, such as Carbon-fiber Reinforced Plastic (CFRP).
Global Carbon Fiber Composites Market by Matrix Material is divided into Polymer [Thermosetting, Thermoplastics], Carbon, Ceramic, Metal, and Hybrid.
Due to the development of several polymers and the widespread use of these materials in the aerospace and automotive industries, the polymer materials segment is anticipated to dominate this market and generate the highest level of revenue. Due to their extensive use in important aircraft products and diverse applications in the military industry, thermosetting polymers will also have a sizable growth rate. Additionally, the enhanced adhesion and surface finishing will increase the segment share.
Carbon Fiber Composites Market Players
The Carbon Fiber Composites market key players include Toray Industries Inc., (Japan), DowAksa (Turkey), Mitsubishi Chemical Corporation (Japan), Solvay (Belgium), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co., Ltd. (China), and Jilin Chemical Fiber Group Co., Ltd. (China)
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending on product development, which is fueling revenue generation.
- Solvay and SGL Carbon signed a joint development agreement (JDA) in December to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials clarify the need to reduce prices and CO2 emissions while also improving the manufacturing process and fuel efficiency of next-generation commercial aircraft.
- Teijin Limited acquired Renegade Materials Corporation in February, a North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. This contributed to the company’s position as the largest provider of solutions for aerospace applications.
- Hexcel launched a new product line in May 2022 that encompasses Hexcel resin systems with bio-derived resin content with natural fiber reinforcements to construct material solutions for Automotive, Winter Sports, Marine, and Wind Energy applications.
Who Should Buy? Or Key Stakeholders
- Aerospace industry
- Automotive industry
- Government organization
- Sports and Leisure industry
- Research firms
- Civil engineering industry
- Marine industry
- Investors
- Research institutes
- Others
Carbon Fiber Composites Market Regional Analysis
The Carbon Fiber Composites market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
North America holds approximately around 32% of the market share. Due to the region’s major aerospace and defense industries, North America is anticipated to be a significant market for carbon fiber composites. North America’s biggest markets for carbon fiber composites are the United States, Canada, and Mexico.
Due to the region’s substantial aerospace and defense industries, Europe is also anticipated to be a sizable market for carbon fiber composites. Major markets for carbon fiber composites in Europe include nations like Germany, the UK, and France.
The aerospace and defense, automotive, and wind energy industries’ rising need for carbon fiber composites is predicted to make the Asia-Pacific area the region with the fastest-growing market for these materials. Major markets for carbon fiber composites in the Asia-Pacific area include South Korea, China, and Japan.
Key Market Segments: Carbon Fiber Composites Market
Carbon Fiber Composites Market By End-User Industry, 2023-2029, (Usd Billion), (Kilotons)
- Aerospace
- Automotive
- Wind Turbines
- Sport & Leisure
- Civil Engineering
- Marine
Carbon Fiber Composites Market By Matrix Material, 2023-2029, (Usd Billion), (Kilotons)
- Polymer
- Thermosetting
- Thermoplastics
- Carbon
- Ceramic
- Metal
- Hybrid
Carbon Fiber Composites Market By Region, 2023-2029, (Usd Billion), (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries In All Regions Are Covered.
Key Question Answered
- What is the current size of the Carbon Fiber Composites market?
- What are the key factors influencing the growth of the Carbon Fiber Composites market?
- What are the major applications of the Carbon Fiber Composites market?
- Who are the major key players in the Carbon Fiber Composites market?
- Which region will provide more business opportunities for Micro-Electro-Mechanical Systems (MEMS) in the future?
- Which segment holds the maximum share of the Carbon Fiber Composites market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global CARBON FIBER COMPOSITES Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On CARBON FIBER COMPOSITES Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global CARBON FIBER COMPOSITES Market Outlook
- Global CARBON FIBER COMPOSITES Market by End-user Industry, 2023-2029, (USD BILLION), (THOUSAND UNITS)
- Aerospace
- Automotive
- Wind Turbines
- Sport & Leisure
- Civil Engineering
- Marine
- Global CARBON FIBER COMPOSITES Market by Matrix Material, 2023-2029, (USD BILLION), (THOUSAND UNITS)
- Polymer
- Thermosetting
- Thermoplastics
- Carbon
- Ceramic
- Metal
- Hybrid
- Polymer
- Global CARBON FIBER COMPOSITES Market by Region, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Toray Industries Inc.
- DowAksa
- Mitsubishi Chemical Corporation
- Solvay
- Teijin Limited
- SGL Carbon
- Hexcel Corporation
- Hyosung Advanced Materials
- Zhongfu Shenying Carbon Co., Ltd.
- Formosa Plastics Corporation
- Jiangsu Hengshen Co., Ltd.
- Jilin Chemical Fiber Group Co., Ltd.
*The Company List Is Indicative
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY REGION (KILOTONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE CARBON FIBER COMPOSITES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE CARBON FIBER COMPOSITES MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL (KILOTONS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY END USER (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA CARBON FIBER COMPOSITES MARKET BY END USER (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY END-USER INDUSTRY, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY END-USER INDUSTRY, USD BILLION, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY MATRIX MATERIAL, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL CARBON FIBER COMPOSITES MARKET BY REGION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â NORTH AMERICA CARBON FIBER COMPOSITES MARKET SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â EUROPE CARBON FIBER COMPOSITES MARKET SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA CARBON FIBER COMPOSITES MARKET SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC CARBON FIBER COMPOSITES MARKET SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA CARBON FIBER COMPOSITES MARKET SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 21Â Â Â Â Â Â Â Â Â Â TORAY INDUSTRIES INC.: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â DOWAKSA: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â SOLVAY: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â TEIJIN LIMITED: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â SGL CARBON: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â HEXCEL CORPORATION: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â HYOSUNG ADVANCED MATERIALS: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â ZHONGFU SHENYING CARBON CO., LTD.: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â FORMOSA PLASTICS CORPORATION: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â JIANGSU HENGSHEN CO., LTD.: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â JILIN CHEMICAL FIBER GROUP CO., LTD: COMPANY SNAPSHOT
FAQ
The global carbon fiber composites market is expected to grow at a 6% CAGR from 2023 to 2029. It is expected to reach above USD 27.91 billion by 2029 from USD 17.66 billion in 2022.
North America holds approximately around 32% of the market share. Due to the region’s major aerospace and defense industries, North America is anticipated to be a significant market for carbon fiber composites. North America’s biggest markets for carbon fiber composites are the United States, Canada, and Mexico.
The demand for lightweight and high-strength materials in a variety of end-use industries, including aerospace and defense, automotive, wind energy, and sports and leisure, is fueling the rapid growth of the carbon fiber composites market. Carbon fiber composites have great strength-to-weight ratios and exceptional durability because they are constructed of carbon fibers and a polymer matrix.
The market is anticipated to keep expanding in the upcoming years due to factors including the rising demand for electric vehicles, the increased usage of carbon fiber composites in wind energy, and the growing use of carbon fiber composites in the aerospace and military industries.
Due to the widespread use of these materials in aircraft components such as airframe structures, floor panels, and landing gears, the aerospace & defense segment has the largest market share and is predicted to generate the highest level of revenue in the market. The corrosion and fatigue-resistant properties of aircraft parts can be improved by the use of carbon fibers, such as Carbon-fiber Reinforced Plastic (CFRP).
In terms of revenue generation and largest market share North America dominates the Carbon Fiber Composites market.
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